Almost all startups – whether they are in major hubs like Silicon Valley, Boston or New York or less metropolitan areas like Kansas City, Miss. – face the same problem.
Every Wednesday morning, I sit in 1 Million Cups Kansas City, an educational program where startups pitch their companies to other entrepreneurs and community members for feedback, listening to the 20 minutes of Q&A between startups and community. I hear a myriad of questions, but when asked about what obstacles entrepreneurs are facing or where they need help, there’s one universal challenge at the top of every startup founder’s list: funding.
“We need funding,” they say. “We’re really looking to raise more capital from investors, angels or anywhere.